Norbert Lou
Punch Card Management
Norbert Lou PDD Holdings Inc stake
total: 19
Punch Card Management PDD trades
- Total transactions:
- 3
- New positions:
- 1
- Added:
- 2
- Held since:
- 2024 Q4
- Held for:
- 6 quarters
- Latest activity:
- 2025 Q2
According to 2026 Q1 report, Norbert Lou holds 415,004 PDD Holdings Inc (PDD) shares with a market value of roughly $42.41M accounting for 15.67% of the overall portfolio. To date, the estimated cost basis is nearly $108.09 for "buy" trades. Punch Card Management first purchased PDD in 2024 Q4, initially acquiring 130,000 shares. Since the initial investment in PDD Holdings Inc (PDD), Punch Card Management has made 2 more transactions.
When did Norbert Lou buy PDD Holdings Inc (PDD)?
Norbert Lou first invested in PDD Holdings Inc (PDD) in 2024 Q4 at the reported quarter-end price of $96.99 per share.
What's the cost basis of Punch Card Management's PDD stake?
The estimated cost basis for PDD Holdings Inc (PDD) stake is around $108.09 per share. This represents their average reported price* across all buy transactions
Estimated cost basis*
- Weighted AVG buy price:
- $108.09
Norbert Lou's historical trades in PDD Holdings Inc
3 results
| Period |
% of portfolio |
Shares held after* |
Reported price* |
Value* |
% (shares) of activity |
% change to portfolio |
|---|---|---|---|---|---|---|
|
2025 Q2
|
14.02%
|
415,004
|
$104.66
|
$43,434,319
|
+35.29% (+108,253)
|
+3.66%
|
|
2025 Q1
|
16.76%
|
306,751
|
$118.35
|
$36,303,981
|
+135.96% (+176,751)
|
+9.66%
|
|
2024 Q4
|
4.00%
|
130,000
|
$96.99
|
$12,608,700
|
new
|
+4%
|
* Shares, change to shares, sold shares, shares held after: split-adjusted.
* Reported price: this doesn't represent the actual buy or sell price. It is the split-adjusted price of the security as of the last day of the reported period.
If the security is completely sold out, we show the reported split-adjusted price prior to the actual period.
If the security is completely sold out, we show the reported split-adjusted price prior to the actual period.
* Estimated cost basis: based on "Reported price*" (not earlier than 2013 Q2). Calculation starts from the latest "new buy" activity to the latest "close out" activity (if any).
* Value or Price: If the security is completely sold out, we show the reported value (or price) prior to the actual period.
* New buy or own: this means there is no earlier reporting (for us or in general). So we can't know if the actual purchase of the security happened at the reported period or earlier.